Purohitha
26 March 2013 at 22:47

Gratuity

Hi,

If an employee worked in an pvt co for 2years and if he is eligible for gratuity as per company rule.he resigned and received that gratuity.
he joined another organisation.
Casei:Is tds deductible by employer ?

Case ii:whats the treatment of gratuity, if TDS is deducted by employer in employee hand?

case iii: If tds is not deducted by first employer and tax not paid by employee, second employer can deduct on whole gratuity after his resignation?



Anonymous
26 March 2013 at 21:09

Investment of savings

if father wants to invest some money from his savings to set up a business for his major son then what will that investment be called? ?? and will the income from that business will be taxable only in the hands of the son or in the hands of father also as per income tax act,1961 ??


Maulik Shah

hello frndz,

i just wanted to know, if i am not liable to file return u/s.139(1) since my income is below the taxable limits

and just to claim TDS refund i e-filed return for A.Y. 2011-12

but i have not filed my return for A.Y. 2012-13, since there was no TDS that year

So now can I file return for A.Y. 2013-14 directly or i have to first file return for A.Y. 2012-13.

and what if i don't file return for A.Y. 2012-13 and it becomes time barred.


kanika
26 March 2013 at 19:53

Exam papers

urgent requirement of link relating to past five attempt solved exam papers of ipcc both groups.










thank you



Anonymous
26 March 2013 at 19:30

Income tax computaion

My UNCLE GROSS SALARY 950000 sEC80 c 100000 TAKE DEDUCTION SEC80 D 15000DEDUCTION TAKAN BUT MY qUSTION S THEY PAID INT ON HOMR LOAN IS 110000 CAN WE TAKE THIS LOAN AMT FOR DEDUCTION FROM DIRECT GROSS SALARY IF TAKE WHAT IS LIMIT FOR AY 13-14 & 14-15



Anonymous
26 March 2013 at 17:55

Interest on borrowed capital

Sir,

I have two properties. one is SOP and another is LOP. The LOP is on rent from Feb 2013 @ 14000 pm. I have paid the interest on LOP property of Rs 3,10,000/-.

my query is whether full interest of Rs 3,10,000/- can be claimed as deduction or pro rata deduction of 10 months will be allowed.

Thanks



Anonymous

PRIVATE LTD COMPANY RECEIVES SERVICE LIKE 1)ANNUAL MAINTANANCE CONTRACT FOR COMPUTER, GENERATOR ETC.
2) REPAIRS OF MACHINERY
IT RECEIVES THIS FROM BOTH PVT LTD AND INDIVIDUALS / FIRMS / NON CORPORATES.
WHETHER THESE ATTRACT SERVICE TAX.
WHAT IS THE LIABILITY IF ANY FOR THE PVT LTD COMPANY
1) IF SERVICE RECD FROM CORPORATE
OR
2) IF SERVICE RECD FROM NON CORPORATE



Anonymous
26 March 2013 at 17:47

Latest amendement

I NEED LATEST AMENDEMENT FOR THE INDIRECT TAXATION APPLICAPLE FPR THE MAY TERM EXAMINATION.


meena
26 March 2013 at 17:43

Accounting entries for ppf

SIR,

PLEASE TELL ME WHAT WILL BE ACCOUTIng ENTRIES
FOR AMOUNT INVESTED IN PPF.

WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL ACCRUE ON PPF.
WHAT WILL BE THE ACCOUNTING ENTRIES WHEN INTEREST WILL BE ACTUALLY RECEIVED .
&
WHAT WILL BE THE ACCOUNTING ENTRY WHEN THE PPF WILL BE MATURE.
PLEASE EXPLAIN IT IN DETAIL


Hasit
26 March 2013 at 17:33

Terrif code

I want to know is there any website which sow us direct terrif heading no so we have to not waste time to search terrif heading no & I want terrif heading for hand made soap





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